The percentage of remittances to Mexico fell by its lowest margin in 12 years as Mexican Central Bank president Guillermo Ortiz Martinez confirmed yesterday.
Over the first half of this year an estimated $11.6 billion was sent to Mexico yet the percentage dipped by 2.2% in the previous quarter. That amount was greater than expected by economic experts who originally predicted a drop of 1.5 to 2%. Unfortunately, the trend will continue according to Ortiz Martinez who observed that several factors accounted for the decrease in remittances: